IREN Q1: Nvidia Turned A Bitcoin Miner Into A Neocloud Bet
Source: SeekingAlpha
2026-05-08 10:27:32 ET
I am revisiting my bull case on IREN Limited ( IREN ) after the company reported Q3 FY26 earnings that confirm most of the arguments from the bears. The company is still relying on dilution to fund the AI buildout, revenue is still mostly coming from bitcoin mining, and the Nvidia deal looks circular....
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IREN Q1: Nvidia Turned A Bitcoin Miner Into A Neocloud Bet
NVIDIA Corporation
NASDAQ: NVDA
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Semiconductors and Equipment
Technology
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